Meridian Contrarian Correlations

Mutual Funds . USA . 
Fund . Meridian Trarian Fund
MFCCX Fund  USD 38.03  0.03  0.08%   
The current 90-days correlation between Meridian Contrarian and Meridian Trarian Fund is 1.0 (i.e., No risk reduction). The correlation of Meridian Contrarian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Meridian Contrarian Correlation With Market

Very poor diversification

The correlation between Meridian Trarian Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Trarian Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meridian Trarian Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Meridian Mutual Fund

  0.86MRAEX Meridian Equity IncomePairCorr
  0.9MRAGX Meridian GrowthPairCorr
  0.86MRCEX Meridian Equity IncomePairCorr
  0.9MRCGX Meridian GrowthPairCorr
  0.86MRIEX Meridian Equity IncomePairCorr
  0.9MRIGX Meridian GrowthPairCorr
  0.9MRRGX Meridian GrowthPairCorr
  0.92MSGAX Meridian Small CapPairCorr
  0.92MSGCX Meridian Small CapPairCorr
  0.92MSGGX Meridian Small CapPairCorr
  0.92MSGRX Meridian Small CapPairCorr
  1.0MVALX Meridian ContrarianPairCorr
  0.86MEIFX Meridian Equity IncomePairCorr
  0.9MERDX Meridian GrowthPairCorr
  1.0MFCAX Meridian ContrarianPairCorr
  1.0MFCIX Meridian ContrarianPairCorr
  0.92MISGX Meridian Small CapPairCorr
  0.96VIMAX Vanguard Mid CapPairCorr
  0.96VIMSX Vanguard Mid CapPairCorr
  0.96VMCPX Vanguard Mid CapPairCorr
  0.96VMCIX Vanguard Mid CapPairCorr
  0.97VEXAX Vanguard Extended MarketPairCorr
  0.97VEMPX Vanguard Extended MarketPairCorr
  0.94VIEIX Vanguard Extended MarketPairCorr
  0.97VSEMX Vanguard Extended MarketPairCorr
  0.97VEXMX Vanguard Extended MarketPairCorr
  0.94FSMAX Fidelity Extended MarketPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.91VINIX Vanguard InstitutionalPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.96LMBAX Qs Small CapitalizationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Meridian Mutual Fund performing well and Meridian Contrarian Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Meridian Contrarian's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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